The Russia's top shipping company Sovcomflot initial public offering (IPO) is expected in Q3 2016, part from the privatization program by the government. An IPO for Sovcomflot could take place later this year. The current fleet of Sovcomflot numbers 142 vessels with total deadweight of 12…
The Panama Canal expansion project is now expected to be finished “mid of 2016” says a report in Reuters quoting the waterway's administrator. 'The new set of larger locks for the Panama Canal will be complete by the end of June, after…
Royal Caribbean Cruises Ltd reported 2015 results and provided guidance for 2016. Continuing on its Double-Double trajectory, the company’s adjusted earnings for 2015 were $4.83 per share – up 42% over 2014, and are expected to further increase to $5…
Saam Smit Towage Canada will support the Heart and Stroke Foundation during the month of February by donating a portion of its revenue from each vessel it assists in British Columbia. The company also plans to have various internal employee participation fundraising initiatives…
Global risk and crisis management consultancy NYA International today releases its 2016 Kidnap and Piracy Map, accompanied by the Global Kidnap Review, a special report examining kidnap for ransom over 2015 and identifying themes for 2016. Together…
Curtis Foltz steps down; Griff Lynch named new executive director of Georgia Ports Authority Georgia Ports Authority (GPA) executive director Curtis J. Foltz will step down at the end of the fiscal year, June 30, the port authority’s board of directors announced today…
Sloane to oversee operations in Europe, the Middle East and Africa as Resolve Marine Group expands global response presence Senior Salvage Master Nick Sloane has joined the senior management team at Resolve Marine Group., aiming to help guide the global growth of the marine services company…
On February 3, United Nations (UN) Secretary-General Ban Ki-moon visited the headquarters of the International Maritime Organization (IMO), the United Nations specialized agency with responsibility for ship safety, maritime security and prevention of pollution from ships…
The International Marina Institute (IMI), the training subsidiary of the Association of Marina Industries (AMI), awarded certifications to three marina professionals as Certified Marina Managers (CMM) and three marina professionals as a Certified…
Manufacturer of electric boat motors has created a new key management position. As communications director, Stefan Gerhard is responsible for Torqeedo's brand and corporate communications across all media and channels.Gerhard is an experienced…
Hawboldt Industries announced that David Marchetti has joined the company in a senior sales role. Marchetti brings to Hawboldt over 27 years of experience in operations, manufacturing, engineering, project management and aftermarket / customer service…
New IMO secretary-general to give keynote speech at trade association Interferry’s 41st annual conference in Manila this October Korea’s Kitack Lim, whose term as IMO secretary-general began January 1, will address the opening conference session on October 17…
A new 24-hour general strike in Greece is planned for February 4, by both public and private sector unions, while the Seamen’s Union is scheduling another 48-hour strike on the same date, Inchcape Shipping Services (ISS) is advising.The…
Effective February 1, 2016, Marco Simonetti assumes the position of Vice President for Developments and Reorganization at Contship Italia Group. The internal reorganization is in line with Contship’s response to evolving challenges of the…
Modern Terminals Limited (MTL), Hong Kong’s longest established container terminal operator, today announced the appointment of Mr. Keith Saunders as its new Managing Director – Hong Kong, effective from 1st February 2016.Mr. Saunders will…
